UPS Exceeds Profit Expectations, Boosts Operating Margin Forecast

The shipping giant reports a return to growth with increased volumes and strategic cost cuts, despite lowering its full-year revenue outlook.

UPS reported third-quarter revenue of $22.25 billion, surpassing analysts' estimates of $22.14 billion.
The company achieved an adjusted profit per share of $1.76, exceeding last year's $1.57 and analyst expectations of $1.63.
UPS has revised its full-year operating margin forecast to 9.6%, up from the previously adjusted target of 9.4%.
Despite a positive quarter, UPS lowered its full-year revenue outlook from $93 billion to $91.1 billion.
The new contract as the primary air cargo provider for the U.S. Postal Service is expected to generate additional revenue starting in the fourth quarter.